JA Solar (Nasdaq:JASO) to Acquire Wafer Producer Solar Silicon Valley
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Welcome to CRWE Newswire, I’m Yohemy Auerbach. JA Solar Holdings Company Limited - trading with the symbol JASO - reported that it has entered into a definitive agreement to acquire 100% ownership interest in Silver Age Holdings Limited, a British Virgin Islands company that owns 100% of Solar Silicon Valley Electronic Science and Technology Company Limited, a leading producer of solar wafers based in China. Solar Silicon Valley operates a wafer production facility with an annual production capacity of 485MW. Upon completion of the transaction, JA Solar’s internal wafer capacity will be increased to approximately 785MW, ensuring a stable supply of low-cost wafers. As wafer costs constitute a significant part of JA Solar’s total cost of manufacturing solar cells, enhanced internal wafer capacity may allow JA Solar to improve gross margins and benefit from vertical integration. JA Solar is a world-leading manufacturer of high-performance solar power products. The company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation. For more information about JA Solar Holdings Company Limited, symbol JASO…visit jasolar.com. For CRWE Newswire I am Yohemy Auerbach.
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